This now has a big stake in Kalahari minerals.....and should not be forgotten as the shares are at a discount to assets....will have to follow this one, the only downside is the ridiculous spread !.

looking on the bright side....a rise to 3.5p would give me 500 profit...not a lot to ask.....is it?

I think this is looking good...lot of buy's at 3.25 and now 3.5p reckon your 4p might be on the cards Alex.

i bought to day i am sure will get div.

like the time the monkey shit in the milk tank....and said......that remains to be seen!!! MI..:))

Well, got paid the div today and must admit very nice too, but the extra I bought on the day...not included. Am amazed how much it paid and wish I'd bought the night before....teach me to read RNS's more closely..

For Immediate Release: 7AM, 22 September 2010

EMERGING METALS LIMITED
("EML" or the "Company")

AUDITED RESULTS FOR THE YEAR ENDED 31 MARCH 2010

Emerging Metals Limited (AIM: EML), the mining company focused on minor and
emerging metals, today announces its final results for the year ended 31 March
2010.

Financial and Operational Highlights at Year-End:

* Equity shareholder funds increased to 35,867,184 (31 March 2009:
26,652,271) - an increase of 34.6%;

* current assets valuation increased to 35,920,430 (31 March 2009:
21,392,111);

* cash reserves have increased to 17,676,956 (31 March 2009: 3,757,960) -
an increase of 370%, following the receipt of 16,472,899 relating to the
sale of 8,917,647 Kalahari Minerals Plc shares on the 25 March 2010;

* net profit for the year was 8,408,770 (2009: 10,005,933);

* 4.53% of Kalahari Minerals Plc held at an average cost of 54.50 pence per
share (31 March 2009: 8.04% held at an average cost of 45.04 pence per
share) following sale of 8,917,647 shares at 1.85 on the 25 March 2010;

* 0.17% of Extract Resources Limited held at an average cost of A$1.0707 per
share (31 March 2009: 0.17% held at an average cost A$1.1945 per share);

* holdings in Kalahari Minerals and Extract Resources are valued at
18,238,155 against a purchase price of 5,101,008;

* non-current assets valuation decreased to nil (31 March 2009: 5,319,860)
following the directors decision to write off this investment;

* Tsumeb Option was written down to nil at year end (31 March 2009:
4,818,455) to anticipate the expiry at end July 2010;

* Operating expenses are below budget at 396,888 (2009: 973,230); and

* Net asset value per share at 31 March 2010 is 10.41 pence.

Post-period Highlights:

* A Special Dividend of 7.13 pence per share was paid on 18 May 2010 at a
total cost of 25,352,097;

* as of the 31 August 2010, the Company's cash balances were 10,050,679,
representing 2.83 pence per share.

Stephen Dattels, Co-Chairman of Emerging Metals, commented:

"I am extremely pleased to report such an outstanding year with a significant
return to shareholders. Your Board continues to look for similar investment
opportunities to provide comparable returns in the future."

A long time since a posting on EML but I`m have to say you may have missed the boat .
It`s been going great guns since the news with the share price up more than 25%.
If it all comes together in the future hang on to your hats.
I hold and hold.

You telling porkies???.,.